1 W Richmond Ave, Richmond, CA 94801

Richmond
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
1 W Richmond Ave,Richmond, CA 94801
$2,990,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: john l. morra, mark caloca
Office: century 21 masters510-257-4441
MLS#:41140282
Source:CRMLS

Price summary

  • Price:$2,990,000

About this home

nstitutional-grade, core-plus mixed-use acquisition opportunity in the high-barrier-to-entry submarket of Point Richmond. The historic J.G. Gerlach Building presents a stabilized asset with a robust recurring revenue profile, offering immediate cash-on-cash returns paired with significant pro-forma rental upside. The asset features a diversified revenue stream comprised of 38 residential Single Room Occupancy units generating stable, non-cyclical cash flows due to historically low structural vacancy, anchored by two fully leased ground-floor commercial retail suites (established hair and nail salons) under stable, recurring commercial lease agreements. A comprehensive capital expenditures underwriting benefit includes a recently replaced brand-new roof and a fully modernized, updated electrical distribution system, drastically mitigating near-term operational risk, reducing deferred maintenance reserves, and optimizing future Net Operating Income. Backed by a recent independent...

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Home facts

  • Year built:1914
  • Subdivision & Development:POINT RICHMOND
  • Listing ID #:41140282
  • Added:102 day(s) ago
  • Updated:October 13, 2026 at 11:23 AM

Structure and exterior

  • Year built:1914
  • Lot area:0.08 Acres
  • Lot Features:Street Level

Finances and disclosures

  • Price:$2,990,000
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